China should regulate market access to the payment industry more strictly to help prevent financial risks, said Ge Huayong, chairman of China UnionPay and a member of the country's top political advisory body.
The Chinese government urgently needs to establish a coordination and communication mechanism between the helicopter industry and other sectors to protect the growth of the domestic helicopter industry, an expert said.
China's effort to cut overcapacity in steel and coal is expected to face its most difficult challenge this year, although the target may look small compared with the previous two years, analysts said.
China should strengthen its natural gas storage and transportation facilities to cope with the higher consumption of clean fuel as the government strives to curb air pollution in the country, a top industry official said.
China's latest move to lower the regulatory requirement on the ratio of allowance for loan impairment losses to nonperforming loans will encourage commercial banks to classify bad loans more accurately and to step up the disposal of distressed debt, researchers said.
Internet, big data and artificial intelligence technologies should be used to provide personalized, digital medical services to customers with an eye on medical services innovation, said Wang Xiaochuan, CEO of Chinese search engine Sogou Inc.
Spring Airlines, China's first and largest budget carrier, plans to further consolidate and expand its flight network in the countries and regions involved in the Belt and Road Initiative, as it is seeing increasing traveling demand to those destinations.
China should set up more education and training institutions to cultivate cybersecurity talent, as the country faces a huge talent gap in this sector, said Zhou Hongyi, chairman and CEO of 360 Security Technology Inc.
The latest policies of the Chinese mainland to promote economic and cultural exchanges and cooperation across the Taiwan Straits are highly necessary and should be implemented effectively, said David TC Lie, a member of China's top political advisory body.
Tujia, an online holiday rental platform, is expecting its overseas business to grow 30 times from the present level, according to a top executive.
Vegetable dealers in Shouguang, Shandong province, are now finding it more convenient to do business, thanks to the rapid development of technology and infrastructure.
BEIJING - With China's Belt and Road Initiative gaining more recognition globally, Western banks including Citigroup, HSBC and Standard Chartered are rushing in for a piece of the pie in this once-in-a-generation opportunity.
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